Swing trading becomes much more exact when using candlestick signals and patterns. The T line, as well as the other moving averages, greatly enhance swing trade setups. The current market conditions illustrate an indecisive nature. The Dow has been trading in the Wedge formation, revealing no great conviction one way or the other. The gap up in the NASDAQ and S&P 500 last week produced the alert to be prepared for a downtrend/profit-taking. Now the analysis is to watch to see what the T-line will reveal. This allows for both long and short-trade prospects. The T line produces high probability expectations when prices move sideways and eventually intersect with the T line. As illustrated in the CVNA chart, the price consolidated until it did a bullish left/right combo at the 50-day moving average support and the T line. This created a much more substantial probability the bulls were taking control. The Doji produces high probability swing trade prospects. The Doji rule, especially when witnessed at the T line, will produce a high probability trade based upon the open after the Doji. Swing trade setups are greatly enhanced when knowing what should occur after a candlestick signal or pattern. Join us for a two-week free trial. This involves participating in chat rooms during the day with traders that are experienced at identifying profitable trade setups. It also allows investors that are just learning candlestick signals and patterns to expedite their learning curve significantly, being able to ask questions in the chat room about why a trade setup is being recommended. Additionally, you can participate in the Monday night and Thursday night training sessions and special sessions on Tuesday nights. The special sessions concentrate on specific aspects for improving trade profitability, how to scan for the best trades, where the set logical stop losses, high probability entry and exit strategies, and identifying the most vital candlestick signals and patterns. Join us; you will gain many insights into the logic of candlestick analysis.
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Good Investing,
Stephen Bigalow
